https://www.taxtmi.com/caselaws?id=14584 The court held that the assessee-trust should be assessed as an individual and entitled to deduction u/s 80L. However, the trust violated section 13(1)(d) by not disinvesting shares by the specified date, leading to the forfeiture of tax exemption. The outcome favored the assessee on the first issue and the Department on the second issue. The appeals were disposed of with no order as to costs. en-us Thu, 14 Sep 2000 00:00:00 +0530 Fri, 17 Jul 2009 12:59:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14584 The court held that the assessee-trust should be assessed as an individual and entitled to deduction u/s 80L. However, the trust violated section 13(1)(d) by not disinvesting shares by the specified date, leading to the forfeiture of tax exemption. The outcome favored the assessee on the first issue and the Department on the second issue. The appeals were disposed of with no order as to costs. Case-Laws Income Tax Thu, 14 Sep 2000 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14584